Brussels intends to make a common tax rate compulsory for
multinational enterprises, according to a document seen by
Reuters.

Moscovici’s plan states: “The current rules for corporate
taxation no longer fit the modern context, as corporate tax
planning has become more sophisticated, and competitive forces
between member states have increased, the tools for ensuring fair
tax competition within the EU have reached their limits.”

A Treasury spokesperson said: “Direct taxation is a matter
for EU countries, and any direct taxation matters require
unanimity across all EU countries. We’re fully involved in
international discussions on tax issues and have consistently
supported global measures, through the EU, G20 and OECD, which
will strengthen international rules to prevent corporate tax
avoidance.”